In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.
Old Fort is a town in McDowell County, North Carolina, United States. The population was 959 at the 2008 estimated census. The town is well known for its weekly Mountain Music concerts, which draw a large audience and many musicians from the surrounding areas to Old Fort's downtown each Friday at 7:30 p.m. The first weekend of every October, Old Fort holds Oktoberfest, which is the largest handmade craft and food festival in McDowell County. Old Fort has several attractions, including Andrews Geyser and the Arrowhead Monument. The granite arrowhead was built as a symbol of peace between the pioneers who settled in the area after the Revolutionary War and the Cherokee people. The Arrowhead serves as the focal point for the town, which is traversed by United States Highway 70 and Interstate 40. Additionally, residents of Old Fort are reconstructing Davidson Fort, the Revolutionary War fort that gave Old Fort its name.